Thrivent Financial for Lutherans Sells 28,189 Shares of Electronic Arts Inc. (NASDAQ:EA)

Thrivent Financial for Lutherans trimmed its position in Electronic Arts Inc. (NASDAQ:EA) by 45.1% in the fourth quarter, HoldingsChannel reports. The firm owned 34,297 shares of the game software company’s stock after selling 28,189 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Electronic Arts were worth $5,036,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the company. Swedbank AB boosted its holdings in shares of Electronic Arts by 6.3% in the 4th quarter. Swedbank AB now owns 1,607,817 shares of the game software company’s stock worth $235,224,000 after buying an additional 95,190 shares during the last quarter. Atomi Financial Group Inc. bought a new position in shares of Electronic Arts during the 4th quarter valued at approximately $217,000. Charles Schwab Investment Management Inc. increased its stake in shares of Electronic Arts by 2.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,456,520 shares of the game software company’s stock worth $213,089,000 after purchasing an additional 36,153 shares during the last quarter. Fisher Funds Management LTD bought a new stake in shares of Electronic Arts in the 4th quarter worth approximately $3,730,000. Finally, Deroy & Devereaux Private Investment Counsel Inc. purchased a new position in Electronic Arts in the fourth quarter valued at approximately $13,845,000. Institutional investors own 90.23% of the company’s stock.

Electronic Arts Price Performance

Shares of NASDAQ:EA opened at $144.55 on Tuesday. The firm has a market capitalization of $37.67 billion, a price-to-earnings ratio of 36.78, a PEG ratio of 3.58 and a beta of 0.78. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.38 and a quick ratio of 1.38. Electronic Arts Inc. has a one year low of $115.21 and a one year high of $168.50. The company’s fifty day moving average price is $132.81 and its 200-day moving average price is $144.61.

Electronic Arts (NASDAQ:EA) last issued its quarterly earnings results on Tuesday, February 4th. The game software company reported $2.34 EPS for the quarter, missing analysts’ consensus estimates of $3.41 by ($1.07). Electronic Arts had a net margin of 14.28% and a return on equity of 17.80%. On average, equities research analysts anticipate that Electronic Arts Inc. will post 4.71 earnings per share for the current fiscal year.

Electronic Arts Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 26th were paid a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 0.53%. The ex-dividend date was Wednesday, February 26th. Electronic Arts’s dividend payout ratio is presently 19.34%.

Insider Buying and Selling at Electronic Arts

In other Electronic Arts news, insider Vijayanthimala Singh sold 1,000 shares of the stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $147.57, for a total transaction of $147,570.00. Following the completion of the sale, the insider now owns 29,216 shares of the company’s stock, valued at $4,311,405.12. This represents a 3.31 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Jacob J. Schatz sold 1,500 shares of the business’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $143.45, for a total transaction of $215,175.00. Following the completion of the transaction, the executive vice president now owns 23,386 shares in the company, valued at $3,354,721.70. The trade was a 6.03 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 23,000 shares of company stock worth $3,166,740 over the last three months. Company insiders own 0.22% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Bank of America raised their target price on Electronic Arts from $130.00 to $132.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 5th. Stifel Nicolaus dropped their price objective on shares of Electronic Arts from $167.00 to $159.00 and set a “hold” rating on the stock in a report on Tuesday, January 21st. Raymond James downgraded shares of Electronic Arts from an “outperform” rating to a “market perform” rating in a research note on Thursday, January 23rd. BMO Capital Markets dropped their price target on shares of Electronic Arts from $145.00 to $142.00 and set a “market perform” rating on the stock in a research note on Wednesday, February 5th. Finally, Oppenheimer cut their price objective on shares of Electronic Arts from $170.00 to $165.00 and set an “outperform” rating for the company in a report on Tuesday, January 21st. Thirteen analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $155.65.

Electronic Arts Company Profile

Electronic Arts Inc develops, markets, publishes, and distributes games, content, and services for game consoles, PCs, mobile phones, and tablets worldwide. It develops and publishes games and services across various genres, such as sports, racing, first-person shooter, action, role-playing, and simulation primarily under the Battlefield, The Sims, Apex Legends, Need for Speed, and license games from others, including FIFA, Madden NFL, UFC, and Star Wars brands.